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Arrow QVM Equity Factor ETF

QVM

Arrow QVM Equity Factor ETF (QVM) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 89.48%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 89.48%
  • Halal 28.37%
  • Doubtful 7.29%
  • Not halal 53.82%
  • Not rated 10.52%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer
—
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.65%
AUM
5.08M USD
Holdings
50 (44 screened)
Basket as of (provider)
17 Apr 2023
Basket fetched by Akinda
23 Oct 2026
Verdict updated
3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal28.37%53.82%
DJIMNot halal30.70%56.57%
FTSENot halal24.85%62.42%
MSCINot halal26.69%60.58%
S&PNot halal35.44%51.83%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–50 of 50 holdings, largest first · basket as of 17 Apr 2023
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
TGTTarget Corporation
2.75%HalalNot halalHalalHalalHalal
2
AAPLApple Inc.
2.62%HalalHalalHalalHalalHalal
3
CMICummins Inc.
2.60%HalalHalalHalalHalalHalal
4
NOCNorthrop Grumman Corporation
2.60%DoubtfulHalalNot halalNot halalHalal
5
LRCXLam Research Corporation
2.57%HalalHalalHalalHalalHalal
6
HDThe Home Depot, Inc.
2.56%HalalHalalNot halalNot halalHalal
7
STXSeagate Technology Holdings plc
2.54%HalalHalalNot halalNot halalHalal
8
LMTLockheed Martin Corporation
2.52%DoubtfulHalalNot halalNot halalHalal
9
BBYBest Buy Co., Inc.
2.30%HalalHalalHalalHalalHalal
10
CDWCDW Corporation
2.29%HalalHalalNot halalNot halalHalal
11
TRTNTriton International Limited
2.25%Not ratedNot ratedNot ratedNot ratedNot rated
12
RYRoyal Bank of Canada
2.24%Not halalNot halalNot halalNot halalNot halal
13
GNTXGentex Corporation
2.21%HalalNot ratedNot ratedNot ratedNot rated
14
CECelanese Corporation
2.20%Not halalNot halalNot halalNot halalNot halal
15
OSKOshkosh Corporation
2.18%DoubtfulHalalNot halalNot halalHalal
16
RSReliance Steel & Aluminum Co.
2.17%HalalHalalHalalHalalHalal
17
TROWT. Rowe Price Group, Inc.
2.14%Not halalNot halalNot halalNot halalNot halal
18
EV—
2.11%Not ratedNot ratedNot ratedNot ratedNot rated
19
LYBLyondellBasell Industries N.V.
2.11%Not halalNot halalNot halalNot halalNot halal
20
WSMWilliams-Sonoma, Inc.
2.11%HalalHalalHalalHalalHalal
21
WUThe Western Union Company
2.10%Not halalNot halalNot halalNot halalNot halal
22
OMCOmnicom Group Inc.
2.07%Not halalNot halalHalalHalalNot halal
23
BNSThe Bank of Nova Scotia
2.06%Not halalNot halalNot halalNot halalNot halal
24
JPMJPMorgan Chase & Co.
2.02%Not halalNot halalNot halalNot halalNot halal
25
MGAMagna International Inc.
2.02%Not halalNot halalHalalHalalNot halal
26
CRICarter's, Inc.
1.99%Not halalNot halalHalalHalalHalal
27
WHRWhirlpool Corporation
1.99%Not halalNot halalNot halalNot halalNot halal
28
ACCOACCO Brands Corporation
1.94%Not halalNot halalNot halalNot halalNot halal
29
AMPAmeriprise Financial, Inc.
1.93%Not halalNot halalNot halalNot halalNot halal
30
PAGPenske Automotive Group, Inc.
1.91%Not halalNot halalNot halalNot halalNot halal
31
STARiStar Inc.
1.90%Not ratedNot ratedNot ratedNot ratedNot rated
32
USBU.S. Bancorp
1.90%Not halalNot halalNot halalNot halalNot halal
33
BOHBank of Hawaii Corporation
1.85%Not halalNot halalNot halalNot halalNot halal
34
MANManpowerGroup Inc.
1.85%Not halalNot halalNot halalHalalNot halal
35
LADLithia Motors, Inc.
1.83%Not halalNot halalNot halalNot halalNot halal
36
WFCWells Fargo & Company
1.81%Not halalNot halalNot halalNot halalNot halal
37
HBANHuntington Bancshares Incorporated
1.76%Not halalNot halalNot halalNot halalNot halal
38
PATKPatrick Industries, Inc.
1.74%Not halalNot halalNot halalNot halalNot halal
39
LPLALPL Financial Holdings Inc.
1.71%Not halalNot halalNot halalNot halalNot halal
40
KEYKeyCorp
1.67%Not halalNot halalNot halalNot halalNot halal
41
DKSDICK'S Sporting Goods, Inc.
1.65%HalalHalalHalalHalalHalal
42
WALWestern Alliance Bancorporation
1.60%Not halalNot halalNot halalNot halalNot halal
43
CFGCitizens Financial Group, Inc.
1.54%Not halalNot halalNot halalNot halalNot halal
44
SCSantander Consumer USA Holdings Inc.
1.54%Not ratedNot ratedNot ratedNot ratedNot rated
45
NAVINavient Corporation
1.51%Not halalNot halalNot halalNot halalNot halal
46
XRXXerox Holdings Corporation
1.50%Not halalNot halalNot halalNot halalNot halal
47
GPIGroup 1 Automotive, Inc.
1.46%Not halalNot halalNot halalNot halalNot halal
48
SYFSynchrony Financial
1.38%Not halalNot halalNot halalNot halalNot halal
49
WYND—
1.38%Not ratedNot ratedNot ratedNot ratedNot rated
50
DFSDiscover Financial Services
1.34%Not ratedNot ratedNot ratedNot ratedNot rated

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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